19 MAR

A small provision in the GOP tax law could soon become a nightmare for the NBA and MLB

donald trump baseballJessica Rinaldi/Reuters

  • A tweak to the tax code as part of the new GOP tax law is causing problems for professional sports teams.
  • The change makes trades of assets subject to capital gains taxes.
  • This is a problem because leagues like the MLB and NBA aren’t sure how to exactly value assets like players and draft picks.

A small tweak to the tax code as part of the new Republican tax law could cause headaches for the US’s major sports leagues — and none of them are sure how to address the issue.

A new report from the New York Times’ Jim Tankersley highlighted a small shift in the tax law’s treatment of asset trades between businesses:

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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